Farrell Fine Homes

Scottsdale, Fountain Hills and Cave Creek Real Estate Specialists

7609 N. Via De La Siesta
Suite B
Scottsdale, AZ 85258
Office: 480.607.9990
Fax: 866.393.8034

A Seller’s Market?

Wow! Yesterday the Fed decided NOT to raise rates amid the volatility of the world market.  And this is how that decision impacts YOU if you’re looking to purchase or re-fi.  As of today, FHA and conventional loans are now the 3 percent range!

We are seeing a larger number of buyers who can now qualify for a loan after going through a short sale or foreclosure in the aftermath of the great recession.

In our market, especially for homes under $250K, we are seeing multiple offers!  Be sure to have a seasoned agent representing you, ok?

Even homes in the 500+ range are selling quickly (especially in the Scottsdale area). “A survey at the Lenders One Summer Conference in August found that 60 percent of mortgage banker members expect 2016 to be a seller’s market.”

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